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Bestway Cement Co (KAR:BWCL) Cyclically Adjusted FCF per Share : ₨5.95 (As of Mar. 2024)


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What is Bestway Cement Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Bestway Cement Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨4.640. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₨5.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bestway Cement Co's average Cyclically Adjusted FCF Growth Rate was 19.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-05-21), Bestway Cement Co's current stock price is ₨218.51. Bestway Cement Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨5.95. Bestway Cement Co's Cyclically Adjusted Price-to-FCF of today is 36.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bestway Cement Co was 37.68. The lowest was 10.07. And the median was 21.30.


Bestway Cement Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bestway Cement Co's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bestway Cement Co Cyclically Adjusted FCF per Share Chart

Bestway Cement Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 13.98 9.44 4.79

Bestway Cement Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.88 4.79 5.99 6.23 5.95

Competitive Comparison of Bestway Cement Co's Cyclically Adjusted FCF per Share

For the Building Materials subindustry, Bestway Cement Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bestway Cement Co's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Bestway Cement Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bestway Cement Co's Cyclically Adjusted Price-to-FCF falls into.



Bestway Cement Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Bestway Cement Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.64/131.7762*131.7762
=4.640

Current CPI (Mar. 2024) = 131.7762.

Bestway Cement Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 4.251 100.428 5.578
201412 2.334 99.070 3.105
201503 4.023 99.621 5.322
201506 3.678 100.684 4.814
201509 5.342 100.392 7.012
201512 5.331 99.792 7.040
201603 8.767 100.470 11.499
201606 3.921 101.688 5.081
201609 6.142 101.861 7.946
201612 9.203 101.863 11.906
201703 4.679 102.862 5.994
201706 -4.035 103.349 -5.145
201709 1.146 104.136 1.450
201712 -2.984 104.011 -3.781
201803 1.429 105.290 1.788
201806 -1.939 106.317 -2.403
201809 5.775 106.507 7.145
201812 1.713 105.998 2.130
201903 3.954 107.251 4.858
201906 7.822 108.070 9.538
201909 0.667 108.329 0.811
201912 -3.999 108.420 -4.860
202003 0.435 108.902 0.526
202006 -3.554 108.767 -4.306
202009 7.905 109.815 9.486
202012 4.627 109.897 5.548
202103 7.176 111.754 8.462
202106 3.184 114.631 3.660
202109 -4.437 115.734 -5.052
202112 -1.148 117.630 -1.286
202203 -10.812 121.301 -11.746
202206 -18.433 125.017 -19.430
202209 -29.812 125.227 -31.371
202212 6.802 125.222 7.158
202303 -14.389 127.348 -14.889
202306 -0.128 128.729 -0.131
202309 12.833 129.860 13.022
202312 6.747 129.419 6.870
202403 4.640 131.776 4.640

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Bestway Cement Co  (KAR:BWCL) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Bestway Cement Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=218.51/5.95
=36.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bestway Cement Co was 37.68. The lowest was 10.07. And the median was 21.30.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Bestway Cement Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Bestway Cement Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Bestway Cement Co (KAR:BWCL) Business Description

Traded in Other Exchanges
N/A
Address
19-A, College Road, Bestway Building, F-7 Markaz, Islamabad, PB, PAK, 44000
Bestway Cement Co Ltd is engaged in the production and sale of cement in the local and export market. Its products include Bestway, Pakcem, Stallion, Ecocem, Low Alkali Cement, and others. The company operates in Pakistan and also export to other countries. Geographically, the majority of the revenue is generated from Pakistan.

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